Stephen Colbert enjoyed watching Trump’s Truth Social stock crash and burn while costing him billions of dollars.
Colbert said:
Between the $175 million Trump has posted in this case and the $91 million in the E. Jean Carroll case, Trump has somehow still posted far less money this week than he has lost on Wall Street. Because Truth Social reportedly lost just $4 billion in value in one week.
Wow. I’m actually surprised that Truth Social had value. The downturn occurred after Truth Social posted a $58 million loss in 2023. Coincidentally, Trump just announced the release of the $58 million “Kid Rock ba-wida-ba, da-bang, da-bang bible.” It contains the Old Testament, the New Testament, the Declaration of Independence, and Kid Rock’s family recipe for crystal meth. Ba-wida-ba?
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Okay. It’s not going to get much better anytime soon. This morning, the stock opened at $48, which was a 39% decline from the stock’s high of $79.38 on March 26. Truly a historic failure. No one has seen such a big loss since the Trump Taj Mahal, the Trump Plaza Hotel, Trump Steaks, Trump Airlines, Trump University and Trump, Eric.
Video:
The Truth of Trump Social losses are not surprising because from the day the venture was announced everyone knew it was a pump and dump scam. However, at this rate, all those profits and paper riches that Trump seemed to have acquired could evaporate before Donald Trump can cash out.
Colbert was right. Failure is Trump’s brand, and anyone who invests in something with Trump’s name on it gets what he or she deserves.
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Jason is the editor-in-chief. He is also a White House press pool and congressional correspondent for PoliticusUSA. Jason has a bachelor’s degree in political science. His graduate work focused on public policy, with a specialization in social reform movements.
Pricing and professional memberships
Member of the Society of Professional Journalists and the American Political Science Association